I have been an active investor for several years, and invest in 3x Leveraged ETFs (both long and inverse), and they have been a very important part of my strategy, although I am not a 'high net worth' investor. Without these, I'd have to have 3 times the capital to get the exposure I need in order to succeed.
I know these products are important to me and others who have them as an active part of their strategy. I use them as a partial part of my overall portfolio, and they act as an important hedge or supplement to my other non-leveraged investments.
Please DO NOT restrict these ETFs to investors, as I believe they are an important way to succeed in the complex markets today. Although they are not for everyone, for active/semi-active traders they can be critical for success.
Andrew Luker Comment On Regulatory Notice 22-08
To Whom it May Concern,
I have been an active investor for several years, and invest in 3x Leveraged ETFs (both long and inverse), and they have been a very important part of my strategy, although I am not a 'high net worth' investor. Without these, I'd have to have 3 times the capital to get the exposure I need in order to succeed.
I know these products are important to me and others who have them as an active part of their strategy. I use them as a partial part of my overall portfolio, and they act as an important hedge or supplement to my other non-leveraged investments.
Please DO NOT restrict these ETFs to investors, as I believe they are an important way to succeed in the complex markets today. Although they are not for everyone, for active/semi-active traders they can be critical for success.
Thank you for your consideration.